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In the wake of a subdued trading session that left markets virtually unchanged, investors are gearing up for a quiet start today, with early indicators suggesting a minimal opening shift. As of the previous day concluded with markets moving within a narrow range of approximately 70-80 points.

Notably, U.S. markets remained closed yesterday in observance of Thanksgiving and will witness an early closure today, translating to a truncated half-day of trading. This factor is expected to influence global sentiments, including Asian markets.

However, the spotlight is currently on Japan's economic performance, specifically the announcement of a 2.9% core inflation rate for October, surpassing the 2.8% recorded in September.

In terms of market flows, both foreign and domestic investors were net buyers in the cash market, setting the tone for today's proceedings.

Investors are also keeping a keen eye on the Tata Tech IPO, with subscription rates nearing 15 times, and the Adani group, particularly Adani Enterprises, as the Supreme Court is set to hear the Adani Hindenburg case today.

Other stocks under scrutiny include Siemens, facing a service tax demand of 23.7, and Indian Hotels, where sources indicate a data breach compromising the information of nearly 15 LAC users in Taj hotels.

Furthermore, with Indian markets closed on Monday.

First Published:Nov 24, 2023 8:45 AM IST